V.F. Corporation Stock Forecast
V.F. Corporation stock price ended at 11.77€ on Friday, after gaining 0.255%.
(Updated on May 03, 2024)
The V.F. Corporation stock price gained 0.255% on the last trading day (Friday, 3rd May 2024), rising from 11.74€ to 11.77€. During the last trading day the stock fluctuated 1.05% from a day low at 11.76€ to a day high of 11.89€. The price has been going up and down for this period, and there has been a -1.09% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately 24.73€ thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.78% during the next 3 months and, with a 90% probability hold a price between 7.99€ and 9.51€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VFP.DE Signals & Forecast
There are mixed signals in the stock today. The V.F. Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 11.85€ and 12.62€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.26%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). V.F. Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for V.F. Corporation stock
V.F. Corporation finds support from accumulated volume at 11.70€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.124€ between high and low, or 1.05%. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: 11.11€ (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (VFP.DE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect V.F. Corporation to open at 11.81€, and during the day (based on 14 day Average True Range), to move between 11.41€ and 12.13€, which gives a possible trading interval of +/-0.360€ (+/-3.06%) up or down from last closing price. If V.F. Corporation takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 11.70€ (0.65%) than the resistance at 12.04€ (2.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is V.F. Corporation stock A Buy?
V.F. Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.099 Hold/Accumulate Unchanged
Predicted Opening Price for V.F. Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 11.81€ ( 0.306%) | 11.77€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VFP.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.93 | 1.36 % | |
| R2 | 11.88 | 0.96 % | ||
| R1 | 11.86 | 0.708 % | ||
| Current price: | 11.77 | |||
| Support | S1 | 11.76 | -0.0966 % | |
| S2 | 11.73 | -0.345 % | ||
| S3 | 11.68 | -0.748 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.78 | 17.06 % | |
| R2 | 13.23 | 12.40 % | ||
| R1 | 12.04 | 2.29 % | ||
| Current price | 11.77 | |||
| Support | S1 | 11.70 | -0.646% | |
| S2 | 11.67 | -0.90% | ||
| S3 | 11.51 | -2.21% |
VFP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 08, 2024 | Mar 20, 2024 | 0.0836€ | 0.637% |
| 2 | Dec 08, 2023 | Dec 08, 2023 | Dec 08, 2023 | 0€ | 0% |
| 3 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | 0.300€ | 1.68% |
| 4 | Mar 09, 2023 | Mar 09, 2023 | Mar 09, 2023 | 0.300€ | 1.38% |
| 5 | Oct 26, 2022 | Dec 09, 2022 | Dec 20, 2022 | 0.510€ | 2.15% |
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